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Blog Category: Innovation

Secretary Locke Speaks with Silicon Valley Leadership Group on Obama Administration's Efforts to Foster Innovation

U.S. Commerce Secretary Gary Locke delivered remarks at the Silicon Valley Leadership Group (SVLG)’s annual luncheon today, emphasizing the steps the Obama administration has taken to turn around the U.S. economy and create jobs. Locke stressed the administration’s efforts to build a stronger foundation for long-term growth and prosperity by investing in research and development, a 21st century infrastructure and manufacturing, and underlined Silicon Valley’s role as the epicenter of technological innovation.

Sec. Locke wanted it to be known that “when it comes to new ideas, our only criterion is efficacy. It doesn’t matter if they come from the left or the right, the boardroom or academia. We simply will not rest until every American who wants a job can find one.”

Locke emphasized that President Obama’s proposed 2011 budget, while freezing domestic discretionary spending overall, actually increases funding for civilian R&D by nearly 6 percent. Also, he noted President Obama’s support a new business tax cut that will allow small businesses to deduct the full amount of new capital investments immediately.

Locke also highlighted President Obama’s National Export Initiative (NEI), which aims to double U.S. exports over the next five years in support of several million American jobs. The NEI will provide more funding, more focus and more Cabinet-level coordination to increase U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

Remarks

Commerce Makes Comments Publicly Available on How Government Can Support the Advancement of Innovation and Technologies

Each year, the federal government makes substantial investments in research and development that takes place at our nation’s colleges and universities.  In 2008, federally funded university investments totaled over $31 billion.  Together with academia and the private sector, the Obama administration is working to support research and development and drive new innovations and technologies to market to create U.S. jobs and economic growth.

Recently, the Commerce Department hosted several University Innovation Forums in collaboration with university presidents addressing the roles of universities in innovation, economic development, job creation and the commercialization of federally funded research.  These forums built upon a national dialogue Secretary Locke began in February when he engaged university leaders and key stakeholders in a discussion about how the Obama administration can help move ideas from the lab to the marketplace. From these efforts, the Commerce Department is gathering input on best practices in university technology commercialization and making recommendations for federal government policy.

Winners of i6 Challenge Announced

Secretary Locke gesturing from the podiumU.S. Commerce Secretary Gary Locke today announced the winners of the i6 Challenge, a new $12 million innovation competition led by the U.S. Department of Commerce’s Economic Development Administration (EDA), in partnership with the National Institutes of Health (NIH) and the National Science Foundation (NSF).

The i6 Challenge seeks to identify and support the nation’s best ideas for technology commercialization and entrepreneurship in six different regions of the country. The winning team from each region will receive $1 million from EDA to support their project and may be eligible for additional awards from NIH and NSF.   

“I applaud the winners of the i6 Challenge on their tremendous achievement,” Locke said. “Each of the winners exemplifies the entrepreneurial spirit that drives innovation and will help move America forward by increasing our competitiveness around the world. The i6 Challenge represents a key component of President Obama’s innovation strategy - to move great ideas from the lab to the marketplace to create jobs and economic growth.”  

Remarks | Release

EDA Announces Award Competition to Promote Innovation

Commerce's U.S. Economic Development Administration (EDA) is accepting applications for its 2010 Innovation in Economic Development Awards to spotlight projects of national significance that advance innovation, boost competitiveness and create jobs.

Entries will be accepted until August 27, 2010.  The award categories are:

  • Innovation in Regional Innovation Clusters (RICs)
  • Innovation in Commercialization
  • Innovation in Global Export Promotion
  • Innovation in Green Technology

For more information on the 2010 Innovation in Economic Development Awards visit: http://www.eda.gov/NewsEvents/PressReleases/InnovationAwards063010

The competition was previously known as the EDA Excellence in Economic Development Awards.

EDA Announces Competition to Bring Innovative Ideas to Market

The i6 Challenge Logo

The i6 Challenge is a new $12 million innovation competition administered by the Economic Development Administration (EDA) of the U.S. Department of Commerce, in partnership with the National Institutes of Health (NIH) and National Science Foundation (NSF). EDA will award up to $1 million to each of six winning teams with the most innovative ideas to drive technology commercialization and entrepreneurship in their regions. NIH and NSF will award a total of up to $6 million in supplemental funding to their SBIR grantees that are associated or partnered with the winning teams. (More) (Press release—PDF)

Secretary Locke Announces Public Review of Privacy Policy, Launches Internet Policy Task Force

U.S. Department of Commerce seal.

U.S. Commerce Secretary Gary Locke today announced the launch of an initiative designed to gather public input and review the nexus between privacy policy and innovation in the Internet economy. In addition, Locke also announced the formation of a Department of Commerce-wide Internet Policy Task Force to identify leading public policy and operational issues impacting the U.S. private sector's ability to realize the potential for economic growth and job creation through the Internet. (More)

Commerce Issues Report on Role of Patent Reform in Supporting Innovation and Job Creation

USPTO seal

Reforming America’s patent system will accelerate economic growth and job creation, and expand America’s ability to innovate, according to a new report released today by the U.S. Department of Commerce. The paper, titled “Patent Reform—Unleashing Innovation, Promoting Economic Growth and Producing High-Paying Jobs,” was authored by the Commerce Department’s Chief Economist Mark Doms, the United States Patent and Trademark Office’s (USPTO’s) Chief Economist Stuart Graham and USPTO’s Administrator for External Affairs Arti Rai. (More) (Report)

Commerce Secretary Locke Addresses Economic Development Professionals at Federal Forum

U.S. Department of Commerce seal.

U.S. Commerce Secretary Gary Locke delivered remarks at the International Economic Development Council’s (IEDC) Federal Economic Development Forum today. Locke spoke about the critical role federal economic development agencies play in fostering innovation and entrepreneurship within local communities. The IEDC works to help economic development professionals create high-quality jobs, develop vibrant communities and improve the quality of life in their regions. Assistant Secretary of Commerce for Economic Development John Fernandez joined Locke at the forum. (Remarks)

Secretary Locke Visits San Diego to Stress Importance of Exports in Competitiveness and Job Creation

Locke with Canadian Minister of Industry Tony Clement and Mexican Secretary of the Economy Gerardo Ruiz. Clicke for larger image.

U.S. Commerce Secretary Gary Locke visited Solar Turbines, one of California’s top exporters, for a tour of the company’s facility and a discussion with local small business owners on how the National Export Initiative will help small- and medium-sized businesses grow and create jobs in their community. Locke viewed the exporting process for industrial gas turbine engines from assembly through shipment to nearly 100 countries. Earlier in the day, he delivered the keynote address at the North American Competitiveness, Innovation & Clean Energy 2010 Conference Luncheon. He also met with Canadian Minister of Industry Tony Clement and Mexican Secretary of the Economy Gerardo Ruiz. (Solar Turbines remarks) (NAC remarks) (Release)

Deputy Secretary Hightower to Promote U.S. Innovation Agenda During Visit to Brussels

Portrait of Hightower

U.S. Commerce Deputy Secretary Dennis Hightower is in Brussels to promote the president’s National Innovation Strategy as a key driver for sustainable growth and quality jobs. Hightower’s visit will focus on three key building blocks to encourage innovation: investment in research, development and technology capital; promotion of competitive markets, and support for national priorities in the clean energy, advanced vehicle technology and health care sectors. Today, he delivered remarks at a luncheon hosted by the American Chambers of Commerce. (Remarks)